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Vermilion Energy Inc. Announces Acquisition of Oil Assets in Southeast Saskatchewan and Southwest Manitoba
Vermilion Energy Inc. Announces Acquisition of Oil Assets in Southeast Saskatchewan and So...
About this update from Vermilion Energy Inc.
[{"type":"text","content":"\n\n\n\nVermilion Energy Inc. Announces Acquisition of Oil Assets in Southeast Saskatchewan and Southwest Manitoba\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.67em\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Jan. 15, 2018\n\n\n\nCALGARY, Jan. 15, 2018 /CNW/ - Vermilion Energy Inc. (\"Vermilion\", the \"Company\", \"We\" or \"Our\") (TSX, NYSE: VET) is pleased to announce that we have entered into an arrangement agreement (the \"Arrangement\") to acquire a private southeast Saskatchewan producer (\"Privateco\") for total cash consideration of $90.8 million (the \"Purchase Price\").  \n\n\n \n \n\n\n\n\n\n\n\n \nUnder the terms of the Arrangement, Vermilion has agreed to acquire (the \"Acquisition\") all of the issued and outstanding common shares (\"Privateco Shares\") in the capital of Privateco, including all Privateco Shares issuable, in accordance with the terms of existing grants of options or warrants, prior to the effective time of the Arrangement, and assume all outstanding debt of the Privateco.  The Purchase Price will be funded from Vermilion's existing credit facilities.  \n\nThe Board of Directors of Privateco has unanimously approved the Arrangement and recommended that Privateco shareholders vote in favour of the Arrangement.  The Arrangement remains subject to customary closing conditions, including receipt of applicable court, Privateco shareholder and regulatory approvals, and is expected to close on or ab...